As measures to further scale down the housing deficit in Oyo State, two financial institutions, Federal Mortgage Bank of Nigeria (FMBN) and First City Monument Bank have struck a deal with the Oyo State government to deliver affordable houses in the state.
The hint was given during the visit by the management of the two financial institutions to Oyo State governor, Senator Abiola Ajimobi last week.
In a statement signed by Special Adviser to the governor on Media, Mr. Festus Adedayo, the Managing Director of the FMBN, Alhaji Gimba-Yau kumo said the bank was offeringa N2 billion facilities to construct houses for all in Oyo State.
According to him, the bank had invested a total sum of N730 million in Oyo State through development loan of N400 million for the construction of 216 housing units by a private developer.
The chairman of the bank, Alhaji Ademola Attah said the Federal Government had set aside a sum of N200 billion for the recapitalisation of the Federal Mortgage bank, out which the bank intends to assist Oyo State in its housing challenges.
The governor, at the meet with FCMB officials, disclosed the intention of his administration to partner with the Federal Mortgage Bank in its efforts to make life more meaningful for the people of the state through mass provision of affordable houses.
While commending the partnership proposal put forward by the bank, Governor Ajimobi said the proposal came at the right time when his administration was set to put smiles on the faces of its workers through improved welfare package.
The governor also announced the setting up of a committee that will work with the bank in actualising the provision of affordable houses to the people of the state.
Ajimobi, who pledged his administration’s determination to alleviate the suffering of the masses through the provision of affordable, decent and cost-effective, housing, said he would create an enabling environment for would-be developers in the state, while government would also pursue its housing programme with the required vigour.
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Source: The Guardian